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Transmission of material in this release is embargoed until USDL-23-1640 8:30 a.m. (ET) Friday, July 28, 2023 Technical information: (202) 691-6199 * ncsinfo@bls.gov * www.bls.gov/eci Media contact: (202) 691-5902 * pressoffice@bls.gov EMPLOYMENT COST INDEX – JUNE 2023 Compensation costs for civilian workers increased 1.0 percent, seasonally adjusted, for the 3-month period ending in June 2023, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 1.0 percent and benefit costs increased 0.9 percent from March 2023. (See tables A, 1, 2, and 3.) Compensation costs for civilian workers increased 4.5 percent for the 12-month period ending in June 2023 and increased 5.1 percent in June 2022. Wages and salaries increased 4.6 percent for the 12-month period ending in June 2023 and increased 5.3 percent for the 12-month period ending in June 2022. Benefit costs increased 4.2 percent over the year and increased 4.8 percent for the 12-month period ending in June 2022. (See tables A, 4, 8, and 12.) Compensation costs for private industry workers increased 4.5 percent over the year. In June 2022, the increase was 5.5 percent. Wages and salaries increased 4.6 percent for the 12-month period ending in June 2023 and increased 5.7 percent in June 2022. The cost of benefits increased 3.9 percent for the 12-month period ending in June 2023 and increased 5.3 percent in June 2022. Inflation- adjusted (constant dollar) compensation costs for private industry increased 1.5 percent for the 12-month period ending in June 2023. Inflation-adjusted wages and salaries increased 1.7 percent for the 12 months ending June 2023. Inflation-adjusted benefit costs in the private sector increased 0.9 percent over that same period. (See tables A, 5, 9, and 12.) Among private industry occupational groups, compensation cost increases for the 12-month period ending in June 2023 ranged from 4.1 percent for natural resources, construction, and maintenance occupations to 5.3 percent for service occupations. Within industry supersectors, compensation cost increases ranged from 3.5 percent for financial activities to 5.4 percent for leisure and hospitality. (See table 5.) Compensation costs for state and local government workers increased 4.9 percent for the 12-month period ending in June 2023, compared with an increase of 3.4 percent in June 2022. Wages and salaries increased 4.7 percent for the 12-month period ending in June 2023 and 3.2 percent a year ago. Benefit costs increased 5.2 percent for the 12-month period ending in June 2023. The prior year increase was 3.6 percent. (See tables A, 7, 11, and 12.)
Category | 3-month, seasonally adjusted |
12-month, not seasonally adjusted, current dollar | 12-month, not seasonally adjusted, constant dollar | |||||
---|---|---|---|---|---|---|---|---|
Mar. 2023 |
Jun. 2023 |
Jun. 2022 |
Mar. 2023 |
Jun. 2023 |
Jun. 2022 |
Mar. 2023 |
Jun. 2023 |
|
Civilian workers(1) |
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Compensation(2) |
1.2 | 1.0 | 5.1 | 4.8 | 4.5 | -3.6 | -0.2 | 1.6 |
Wages and salaries |
1.2 | 1.0 | 5.3 | 5.0 | 4.6 | -3.5 | 0.0 | 1.7 |
Benefits |
1.2 | 0.9 | 4.8 | 4.5 | 4.2 | -3.9 | -0.5 | 1.2 |
Private industry |
||||||||
Compensation(2) |
1.2 | 1.0 | 5.5 | 4.8 | 4.5 | -3.3 | -0.2 | 1.5 |
Wages and salaries |
1.2 | 1.0 | 5.7 | 5.1 | 4.6 | -3.1 | 0.1 | 1.7 |
Benefits |
1.1 | 0.9 | 5.3 | 4.3 | 3.9 | -3.5 | -0.6 | 0.9 |
Health benefits |
- | - | 4.6 | 3.1 | 2.1 | - | - | - |
State and local government |
||||||||
Compensation(2) |
1.1 | 1.0 | 3.4 | 4.9 | 4.9 | -5.2 | -0.1 | 1.9 |
Wages and salaries |
0.9 | 0.8 | 3.2 | 4.7 | 4.7 | -5.4 | -0.2 | 1.7 |
Benefits |
1.5 | 1.0 | 3.6 | 5.0 | 5.2 | -5.0 | 0.2 | 2.1 |
Footnotes |
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Note: All estimates in the table can be found in the public database at www.bls.gov/eci/data.htm. Dashes indicate data not available. |